SPDR S&P Transportation ETF (NYSEARCA:XTN) Shares Down 0.5% – Here’s Why

SPDR S&P Transportation ETF (NYSEARCA:XTN)’s stock price dropped 0.5% on Monday . The company traded as low as $114.51 and last traded at $114.72. 21,006 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 67,332 shares. The stock had previously closed at $115.27.

SPDR S&P Transportation ETF Price Performance

The firm’s fifty day moving average price is $110.97 and its 200-day moving average price is $103.04. The firm has a market capitalization of $406.94 million, a P/E ratio of 16.16 and a beta of 1.36.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Element Pointe Advisors LLC acquired a new stake in SPDR S&P Transportation ETF during the first quarter valued at approximately $20,827,000. UBS Group AG grew its position in SPDR S&P Transportation ETF by 332.6% in the fourth quarter. UBS Group AG now owns 59,024 shares of the company’s stock worth $5,393,000 after buying an additional 45,379 shares during the last quarter. Ameriprise Financial Inc. grew its position in SPDR S&P Transportation ETF by 169.2% in the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock worth $5,762,000 after buying an additional 44,984 shares during the last quarter. Susquehanna International Group LLP increased its holdings in shares of SPDR S&P Transportation ETF by 306.7% in the third quarter. Susquehanna International Group LLP now owns 25,933 shares of the company’s stock valued at $2,174,000 after buying an additional 19,556 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in shares of SPDR S&P Transportation ETF in the fourth quarter valued at $1,678,000.

SPDR S&P Transportation ETF Company Profile

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.